Contrarian
A Contrarian is a trader who trades against the current trend and sentiment. These traders look for reversal trading opportunities when the market has extreme levels of optimism or pessimism. When most traders long a particular currency pair, a contrarian will look to sell when sentiment reaches an extreme.
What Contrarian traders believe
Contrarian traders believe that markets often overreact to news, events, or prevailing sentiment, leading to market mispricing. This strategy requires an understanding of market dynamics, thorough analysis, and a high tolerance for risk, as it can often mean going against strong trends.